Taxes January 21, 2025
Trump to Impose 25% Tariffs on Mexico and Canada by Feb. 1
Both Canada and Mexico have said they’d retaliate against American goods if Trump slaps tariffs on them. The USMCA is up for review in 2026.
Accounting April 15, 2024
PwC Locks Down Top Spot in Vault’s Best Accounting Firms Ranking for 2025
PwC has been ranked the No. 1 best accounting firm to work for by Vault for the last 12 years.
Taxes April 15, 2024
IRS Adds More Census Tracts For EV Charger Tax Credit
These additional census tracts were determined to meet the description of eligible census tracts in Notice 2024-20, the IRS said.
Artificial Intelligence April 15, 2024
How Artificial Intelligence is Revolutionizing the CPA Practice
Embracing innovation, particularly the transformative power of AI, is key to ensuring long-term success in the accounting profession.
Accounting April 12, 2024
RightTool Wins 2024 Accountant Bracket Challenge
The QuickBooks automation tool defeated CPA Jason Staats, host of the Jason Daily podcast, in the final by a score of 355-110.
Taxes April 12, 2024
Shohei Ohtani’s Ex-Interpreter Charged With Bank Fraud, Stole $16 Million From Baseball Star
Ippei Mizuhara's involvement in illegal gambling turned up in a far-reaching investigation by federal agencies including the IRS.
Taxes April 11, 2024
Trump Tax Cuts Were Neither Panacea Nor Rip-Off
While the cuts yielded benefits to Americans up and down the income scale, the benefits could best be described as modest.
Auditing April 11, 2024
PCAOB Really Flexed Its Enforcement Muscles in 2023
Total enforcement activity reached its highest level since 2017 and monetary penalties doubled compared to the record set in 2022.
Accounting April 11, 2024
Fortune Includes 7 CPA Firms in 2024 ‘100 Best Companies to Work For’ List
The same seven public accounting firms that made Fortune’s list for 2023 also made this year’s ranking—just their positioning changed.
Taxes April 11, 2024
COUNTERPOINT: IRS Should Not Be Trusted With Direct File
Despite its recent trendiness in certain circles, Direct File has little potential for good—and much for bad.
Taxes April 11, 2024
POINT: IRS Direct File Simplifies Doing Taxes, Saves Money
The new IRS Direct File tool represents government at its best: saving families time and money.
Auditing April 10, 2024
PCAOB Proposal Would Require Audit Firms to Disclose a Variety of Metrics
The proposal would direct firms to provide more information, like involvement of partners and auditor turnover, to investors.
Auditing April 10, 2024
PCAOB Wallops KPMG Netherlands With Record $25M Fine For Exam Cheating
Rampant cheating on internal training exams occurred from 2017 to 2022 and the firm lied about its knowledge of it, the PCAOB said.